This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

HomeSteps® Receives First Annual Pinnacle Award For Being Nation's Top Non-Bank REO Sales Operation

MCLEAN, Va., June 14 /PRNewswire-FirstCall/ -- HomeSteps®,  Freddie Mac's (NYSE: FRE) real estate sales unit, was honored as the nation's top non-bank REO sales organization at the real estate industry's first annual Pinnacle Awards in Dallas on June 6.

HomeSteps is headquartered outside of Dallas, Texas.  In 2009, HomeSteps sold more than 65,000 REO homes, two-thirds of them to first-time and seasoned homebuyers.

"To take home top honors at the first annual Pinnacle awards is very exciting and comes at a time when the REO business has become so important to the housing recovery, our company, and our mission to support homeownership and stabilize communities," said Chris Bowden, Vice President of HomeSteps.  "We're especially thrilled because this recognition comes directly from the real estate professionals themselves and validates that our team's hard work is making a difference in the industry."

Over the past year, HomeSteps launched its SmartBuy sales promotion combining closing cost assistance with a two-year limited warranty on eligible properties, conducted crowded auctions for first-time homebuyers as part of the federal Neighborhood Stabilization Program, and expanded its national network of real estate brokers.

"HomeSteps has always played a critical role helping Freddie Mac manage its REO inventory and mitigating losses," said Ingrid Beckles, Senior Vice President, Default Asset Management at Freddie Mac. "Today HomeSteps is going beyond that in the current market by stabilizing communities and providing a gateway to affordable housing opportunities for first-time and seasoned homebuyers.  HomeSteps is working."

Sponsored by REO Insider magazine, the new Pinnacle Awards honor organizations for outstanding performance in a number of key aspects of the REO business. Honorees were selected on the basis of an independent nationwide survey of more than 3,200 real estate professionals . The survey was commissioned by REO Inside r and conducted by M/A/R/C Research in January.

For more information, visit www.HomeSteps.com or call 800-972-7555.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

SOURCE Freddie Mac

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs